About Flux Auto
Flux Auto is a company based in Bengaluru (India) founded in 2017 by Abhishek Gupta and Pranav Manpuria.. Flux Auto has raised $1.25 million across 5 funding rounds from investors including Y Combinator, 7percent Ventures and Sanchita Mohanty. The company has 44 employees as of October 31, 2024. Flux Auto operates in a competitive market with competitors including Autonomous Tractor Corporation, PeK Automotive and SteerAI, among others.
- Headquarter Bengaluru, India
- Employees 44 as on 31 Oct, 2024
- Founders Abhishek Gupta, Pranav Manpuria
- Stage Minicorn
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Sectors
Transportation, Automotive & Logistics
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Email
***********
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Phone
*********
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Website
*********
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Social
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Annual Revenue
$43.34 K (USD)-20as on Mar 31, 2023
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Net Profit
$7.01 K (USD)10as on Mar 31, 2023
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EBITDA
$42.72 K (USD)-19as on Mar 31, 2023
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Total Equity Funding
$1.25 M (USD)
in 5 rounds
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Latest Funding Round
$125 K (USD), Seed
Jun 01, 2021
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Investors
Y Combinator
& 19 more
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Employee Count
44
as on Oct 31, 2024
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Funding Insights of Flux Auto
Flux Auto has successfully raised a total of $1.25M across 5 strategic funding rounds. The most recent funding activity was a Seed round of $125 thousand completed in June 2021. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 5
- Last Round Seed — $125,000
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First Round
First Round
(16 Mar 2018)
- Investors Count 20
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun, 2021 | Amount | Seed - Flux Auto | Valuation | Y Combinator |
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| Dec, 2020 | Amount | Seed - Flux Auto | Valuation | 7percent Ventures |
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| Apr, 2020 | Amount | Angel Round - Flux Auto | Valuation | Rajiv Mahesh Sanghvi |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Flux Auto
Flux Auto has secured backing from 20 investors, including venture fund and angel investors. Prominent investors backing the company include Y Combinator, 7percent Ventures and Sanchita Mohanty. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Early-stage startups are accelerated via funding and educational programs.
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Founded Year | Domain | Location | |
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Investments are made in pre-seed and seed-stage deep-tech startups.
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Founded Year | Domain | Location | |
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SM
Sanchita Mohanty |
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Flux Auto
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Flux Auto
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Flux Auto Comparisons
Competitors of Flux Auto
Flux Auto operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Autonomous Tractor Corporation, PeK Automotive and SteerAI, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Provider of conversion kits for autonomous electric tractors
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| domain | founded_year | HQ Location |
Develops autonomous electric vehicles for agriculture, rescue, and defense applications worldwide.
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| domain | founded_year | HQ Location |
Transforms industrial vehicles into autonomous systems for defense and logistics operations.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Flux Auto
Frequently Asked Questions about Flux Auto
When was Flux Auto founded?
Flux Auto was founded in 2017 and raised its 1st funding round 1 year after it was founded.
Where is Flux Auto located?
Flux Auto is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Who is the current CEO of Flux Auto?
Pranav Manpuria is the current CEO of Flux Auto. They have also founded this company.
Is Flux Auto a funded company?
Flux Auto is a funded company, having raised a total of $1.25M across 5 funding rounds to date. The company's 1st funding round was a Angel Round of $695.36K, raised on Mar 16, 2018.
How many employees does Flux Auto have?
As of Oct 31, 2024, the latest employee count at Flux Auto is 44.
What is the annual revenue of Flux Auto?
Annual revenue of Flux Auto is $43.34K as on Mar 31, 2023.
What does Flux Auto do?
Flux Auto was founded in 2017 in Bengaluru, India, within the autonomous vehicle sector. An autonomous driving system is created for retrofitting to existing trucks, with operations centered on cost reduction through vision algorithms that work with standard cameras rather than LiDAR. Capabilities include cruise control management, lane-keeping assistance, and collision avoidance features, targeted at commercial applications.
Who are the top competitors of Flux Auto?
Flux Auto's top competitors include Autonomous Tractor Corporation, PeK Automotive and SteerAI.
Who are Flux Auto's investors?
Flux Auto has 20 investors. Key investors include Y Combinator, 7percent Ventures, Sanchita Mohanty, Arun Vasudevan, and Bassil Eid.
What is Flux Auto's valuation?
The valuation of Flux Auto is $10.89M as of Apr 2020.